RIVERNORTH FLEX MUNI II (RFMZ) Stock Technical Analysis
USA - NYSE:RFMZ - US76883Y1073
We assign a technical rating of 2 out of 10 to RFMZ. RFMZ performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, RFMZ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RFMZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.09
We found 2 important support areas.
- Support @12.65 from a horizontal line in the daily time frame.
- A support zone ranging from 12.21 to 12.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.99 to 13.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @13.60 from a horizontal line in the daily time frame.
- Resistance @14.22 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.59 to 14.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for RFMZ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RFMZ is neutral. |
| ChartMill Relative Strength | 28.45 | NEGATIVE | RFMZ has a low relative strength, it was outperformed by 71.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RFMZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RFMZ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RFMZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.96 | NEUTRAL | The RSI value for RFMZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RFMZ has a negative trend. |
| Stochastics (14,3) | 30.37 | NEUTRAL | The Stochastics value for RFMZ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for RFMZ suggests low volalility. |
| Average Directional Index/ADX (14) | 23.28 | NEUTRAL | The ADX value for RFMZ suggests a possible start of a new trend. |
12.9
-0.01 (-0.08%)
RIVERNORTH FLEX MUNI II / RFMZ FAQ
Can you provide the ChartMill technical rating for RIVERNORTH FLEX MUNI II?
ChartMill assigns a technical rating of 2 / 10 to RFMZ.
Can you provide the trend direction for RIVERNORTH FLEX MUNI II?
The current trend direction for RIVERNORTH FLEX MUNI II (RFMZ) is Bearish.
What is the RSI signal for RIVERNORTH FLEX MUNI II (RFMZ) stock?
RIVERNORTH FLEX MUNI II (RFMZ) has an RSI value of 44.957. This indicates that the stock is currently neutral.
What is the MACD signal for RIVERNORTH FLEX MUNI II (RFMZ) stock?
The MACD indicator for RIVERNORTH FLEX MUNI II (RFMZ) has a value of -0.0300869, indicating a bearish trend.
What is the short term momentum for RIVERNORTH FLEX MUNI II (RFMZ) stock?
The short term momentum for RIVERNORTH FLEX MUNI II (RFMZ) is neutral.